In the year 2023, it is predicted that the overall size of the worldwide pet care packaging market will be close to US$10.6 billion. The analytical report projects that between 2023 and 2033, sales of pet care packaging market will grow at a respectable CAGR of 4%.

By the year 2033, it’s anticipated that pet care packaging would generate global sales of $15.7 billion. The main factor influencing the assurance of growth prospects is the strength, lightness, affordability, and adaptability of pet care packaging options, notably those made of plastic.

A rapidly seeping trend of nuclearization of families is compelling individuals to seek companionship from other living beings. Consequently, pet humanization is picking up major pace, thus heightening expenditure on pet care products such as pet foods, healthcare products, cosmetics and nutraceuticals.

Key Takeaways from FMI’s Pet Care Packaging Market Study

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“Prominent vendors are incorporating eco-friendly packaging solutions, in tandem with growing environmental consciousness by end-users and customers,” remarks the FMI analyst.

As the COVID-19 pandemic tightens its noose around the global economy, a worldwide recession is on the cards. With various industries experiencing production crunches due to lockdowns, revenue and profit margins have taken a turn for the worse in the past few months.

With respect to the pet care packaging market, this deceleration is expected to be moderate across the short-term forecast period. In spite of the imposed shutdowns, demand for pet care products has remained afloat as pet owners are highly concerned about maintaining good pet health.

Consequently, online sales of various pet care products has compounded, prompting pet care product vendors to capitalize on this new trend to extensively market and sell their merchandise. Minor production crunches experienced in the initial months of the pandemic due to logistical constraints are already eroding, restoring the market projections.

The global pet care packaging market is characterized by the presence of numerous regional and international market players. This has rendered the landscape highly competitive in nature.

Some prominent vendors analyzed in this report are Amcor Ltd., AptarGroup Inc., Ardagh Group S.A, Bemis Company Inc., Coveris Holdings S.A, Crown Holdings Inc. and Constantia Flexibles Group GmbH among others.

A multitude of market strategies are being deployed by the aforementioned vendors in order to survive the cut-throat competition levels across potential regions. Strategies such as product innovations, mergers & acquisitions, portfolio expansion and accelerating R&D are proving highly effective in deepening the players’ regional and global footprints.

In addition, prominent players are also leveraging online marketing platforms due to the surging popularity of e-commerce. A majority of pet owners prefer to purchase merchandise within the comfort of their homes through prominent digital marketing platforms.

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More Valuable Insights on the Pet Care Packaging Market

Future Market Insights, in its new report, offers an unbiased analysis of the global pet care packaging market, analyzing historical demand from 2015-2019 and forecast statistics for 2020-2030. The study reveals growth projections on the hermetic packaging market on the basis of material type (plastic, paper & paperboard, metal and other packaging material), packaging type (cans, bags & pouches, folding cartons, tubes, blister packs, plastic bottles & jars and others), application (dry food, wet food, pet treat and frozen) and end use (cats, dogs, birds and others) across seven regions.

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